BitMEX’s latest announcement unveils the addition of perpetual contracts for Shiba Inu (SHIB) and Bone ShibaSwap (BONE), amplifying trading opportunities and market enthusiasm.
Crypto exchange BitMEX has unveiled plans to introduce perpetual contract listings for Shiba Inu (SHIB) and Bone ShibaSwap (BONE), resulting in a surge in prices across the board.
In an unexpected move, BitMEX, a prominent cryptocurrency exchange, has announced the imminent listing of perpetual contracts for Shiba Inu (SHIB) and Bone ShibaSwap (BONE). This move is poised to reshape the trading landscape for these tokens, offering traders an opportunity to capitalize on their volatility with varying degrees of leverage.
BitMEX’s decision to introduce perpetual contracts for SHIB and BONE tokens is a significant development that aligns with the ongoing evolution of the crypto market. Traders will be able to engage with SHIB tokens using leverage of up to 33x, while BONE tokens can be traded in USD and USDT pairs with leverage of up to 5x.
The announcement comes on the heels of Shiba Inu’s lead developer revealing the reopening of the Shibarium L2 blockchain for public access. The Shibarium blockchain had been inaccessible for nearly two weeks prior to this announcement, raising curiosity and anticipation within the crypto community.
BitMEX Unveils High Leverage Perpetual Listings For SHIB And BONE Tokens
BitMEX, through an official blog post released on August 29, detailed its plans for the perpetual listings of both SHIB and BONE tokens. The exchange will enable traders to leverage SHIB tokens against both USD and USDT pairs, offering a potentially lucrative avenue for speculative trading.
Leverage offerings for SHIBUSD and SHIBUSDT will be the industry’s highest, with traders having access to up to 33x and 20x leverage, respectively. This bold move by BitMEX seeks to attract traders eager to amplify their potential gains in the dynamic crypto market. The perpetual contracts for SHIB and BONE tokens are scheduled to go live starting from August 30.
The introduction of perpetual listings for BONE tokens, which are the gas tokens associated with the Shibarium ecosystem, is also expected to trigger substantial market interest. Traders will be able to trade BONE tokens with leverage of up to 5x, further contributing to the growing excitement surrounding these tokens.
BitMEX-Driven Price Dynamics: SHIB And BONE Tokens Exhibit Resilience And Growth
In the aftermath of BitMEX’s announcement, SHIB tokens demonstrated a notable price surge of 2% within a 24-hour span. Currently trading at $0.0000080, SHIB has witnessed a trading volume surge of 40% in the same timeframe, indicating heightened trader interest. The 24-hour price range for SHIB spans from a low of $0.00000797 to a high of $0.00000828.
BONE tokens, on the other hand, have registered a 1% price increase over the past 24 hours, with the current trading price at $1.28. The token has experienced a remarkable 9% price surge over the past week, underlining the growing traction BONE tokens have gained among investors.
With the recent unveiling of the Shibarium mainnet and the subsequent surge in SHIB and BONE token holders, industry experts are optimistic about the potential for sustained price increases over the long term. The dynamic trading landscape, coupled with the innovative offerings from BitMEX, is anticipated to shape the trajectory of these tokens in the coming months.